Fri, 12/04/2013 - 09:23
A new-era HMV will continue to sell books, restructuring company Hilco has confirmed.
Former Waterstones employee Michael Neil will also remain as the chain’s commercial director.
Hilco announced last week (5th April) that it had bought 141 of the 230 HMV stores, including 25 previously earmarked for closure, in a deal...
Tue, 22/01/2013 - 14:04
Restructuring company Hilco has bought HMV’s debt, taking effective control of the company.
Hilco, which owns HMV Canada, has bought the debt of HMV from the group’s lenders Lloyds and RBS for what is believed to be “much less” than the estimated £176m debt because the chain is in...
Fri, 13/05/2011 - 13:27
Alexander Mamut has reportedly made a £43m offer for Waterstone's, as a 5pm deadline looms for bidders.
The Financial Times reports Mamut tabled the cash offer to HMV Group and its advisors Nomura. The bid is higher than the...
Wed, 16/12/2009 - 14:23
We were gathered together at 4.00pm on Tuesday (15th) by the MCR rep to hear the last rites. MCR is still looking for a buyer we hear, but if it doesn't find one the shop will close on the 22nd of December, and we will be made redundant on Christmas Eve. We should have known something was up as more MCR people had arrived that morning, along...
Thu, 16/07/2009 - 07:45
Publishers are becoming increasingly concerned about Borders UK, amid speculation that the chain is set change ownership for a second time in as many years.
Distributor Turnaround has put supply to the chain on hold, and it is understood that and several other distributors have been on and off stop in recent months. Euler Hermes...
Wed, 15/07/2009 - 07:55
Borders UK has refused to comment on a newspaper report that the chain is "in advanced talks" with private equity firm Valco Capital Partners over the possible sale of its stores.
According to the Independent, Valco, a division of "distressed debt specialist" Hilco, "plans...
Wed, 19/11/2008 - 08:30
Woolworth's has confirmed that it is in preliminary discussions regarding a possible offer for the retail business. The statement, issued by the group, came after the Times reported that the troubled chain, which also owns Bertrams and EUK, is in talks to sell its high street business to restructuring specialist Hilco for £1.